Audit practice is governed by two regulatory frameworks. The first consists of domestic laws covering the appointment, ...
West Bank and Gaza: Observance of Standards and Codes in Accounting and Auditing – World Bank report
This report was prepared by the World Bank, on the basis of a diagnostic review carried out between April and November 2009, including three field missions. The report was prepared by a team led by ...
The International Auditing and Assurance Standards Board has revised the international standards requiring management to provide auditors with a clear written statement that auditors have received all ...
The International Auditing and Assurance Standards Board is planning to make some minor adjustments in its quality management and global audit standards to align them more closely with international ...
SEBI has proposed a tighter framework for related party transactions (RPTs) carried out by companies. RPTs of material subsidiaries may require audit committee approval when transactions exceed 10 per ...
The National Financial Reporting Authority (NFRA) has flagged concerns with the audit firms for not maintaining and archiving the audit files which is in violation of the auditing norms. In a circular ...
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